Posts Tagged ‘Oyu Tolgoi’

Rags to Riches: the land of Genghis Khan

September 10th, 2009

The worlds 19th largest country has one International Airport, 32% of the population below poverty line and a per capita GDP of $2100. Mongolia is a country bordering China in the south and Russia in the North. More than 30% of its 3 million population, is enganed in subsistence herding! Half of its population are among the world’s poorest. The country has scarcicty of arable land but has large deposits of minerals. However this country is on the verge of becoming second Dubai of prosperous Asia! » Read more: Rags to Riches: the land of Genghis Khan